Soldiers Pay Money not to Fight
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The ‘Astronaut’ Problem: Iraqi Soldiers Who Pay Money To Officers So They Don’t Fight The Iraqi army is suffering badly from what locals describe as the “astronaut phenomenon”. That is, […]
WesternZagros Books First Oil Reserves
By John Lee. WesternZagros Resources has, subsequent to its declarations of commerciality and submissions of development plans, and in accordance with its accounting policies, completed an independent evaluation and a new independent audit of its light oil discovery on the Garmian block in the Kurdistan Region of Iraq. The evaluation has, for the first time, […]
New US Airbase 'No Threat To Iran’
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Spokesman For Iraqi Kurdish Govt: ‘New US Airbase in Erbil No Threat To Iran’ NIQASH interviewed Safeen Dizayee, the spokesperson for the government of semi-autonomous Iraqi Kurdistan. During a candid […]
Casualty Figures for Sept 2014
According to casualty figures released by UNAMI, a total of at least 1,119 Iraqis were killed and another 1,946 were injured in acts of terrorism and violence in September*. The number of civilians killed was 854 (including 79 civilian police), while the number of civilians injured was 1,604 (including 84 civilian police). A further 265 […]
Video: Peshmerga Push to Retake Mosul
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq's Kurdish Peshmerga fighters are trying to reverse gains by the Islamic State of Iraq and the Levant (ISIL) who have overrun much of the country's north. The group is in control of […]
Video: Heavy fighting rages in Anbar
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In Iraq's western Anbar Province a renewed offensive against ISIL has resulted in fierce battles being fought on several fronts through out the province. Al Jazeera's Imran Khan reports from Baghdad.
Video: Turkish MPs back operations in Syria and Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey's parliament has voted to allow foreign troops to use Turkish military bases. That could mean US and coalition forces launching attacks on ISIL fighters in Syria and Iraq from Turkey. Turkish soldiers […]
Afren Resumes Operations at Barda Rash
By John Lee. Afren has announced that, following an improvement in the security situation in the border region of the Kurdistan Region of Iraq, it has begun the process of returning staffing levels to normal at the Barda Rash field with a view to resuming drilling and production activities as soon as possible with the […]
Currency Auction Results, 2nd Oct
By John Lee. The Central Bank of Iraq (CBI) has reported that 10 banks took part in its currency auction on Thursday. A total of $137,430,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
Rising Yields a Plus for Stocks
By Mark DeWeaver. Falling prices and higher dividends have led to a jump in ISX dividend yields this year. As of September 30, Rabee Securities’ RSISX index was yielding 4.5%, up from 1.5% in 2013 and 0.0% in 2012. Yields are also improving relative to local interest rates, which have been gradually declining. The RSISX […]
GKP Shares Surge on Shaikan Update
By John Lee. Sharess in Gulf Keystone Petroleum surged as much as 10 percent by lunchtime on Wednesday, after teh company issued an update on the its operations at Shaikan, its key producing asset: The Company remains focused on achieving the target of 40,000 barrels of oil per day ("bopd") of production capacity from the […]
Who Buys Islamic State’s Illegal Oil?
By John Lee. A report by Chris Dalby of Oilprice.com finds that the 11 oil fields that IS controls in Iraq and Syria have made it a largely independent financial machine. Its fields in Iraq alone are thought to produce between 25,000 and 40,000 barrels of oil per day, earning it an estimated $1.2 million [1.4 […]